Net worth 4.4 billion USD (2015)
Education De La Salle University
|Parent(s) Enrique M. Razon|
Residence Manila, Philippines
Name Enrique Razon
Children Katrina Razon
|Born March 3, 1960 (age 61) (1960-03-03) |
Occupation Chairman and CEO of International Container Terminal Services, Inc.
Known for International Container Terminal Services, Inc. (Chairman and CEO)
Similar People Andrew Tan, Lucio Tan, Henry Sy, Jaime Zobel de Ayala, George Ty
How slowdown in global growth impacts the shipping industry
Enrique Anselmo Klar Razon Jr. (born March 3, 1960) is a Filipino billionaire and the Chairman and CEO of the Manila-listed company International Container Terminal Services, Inc. (ICTSI), the Philippine port-handling giant. As of 2012, he was the third richest Filipino, a four-place jump from the previous year's ranking, mainly because of his stake in Bloomberry Resorts and Hotels. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.
- How slowdown in global growth impacts the shipping industry
- 2016PBIF Key Quotes Enrique K Razon Jr Qualifying for the TPP
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#2016PBIF - Key Quotes - Enrique K. Razon, Jr.: 'Qualifying for the TPP'
Razon's grandfather established Manila’s main port in South Harbor. He shares the same name with his father, Enrique Razon, who built the business through World War II.
In 1987, Razon inherited International Container Terminal Services, Inc, which grew to become the largest corporation providing container-port terminal services in Manila, Subic, Batangas, General Santos City, Poland and Brazil.
In 2010, Henry Sy, Jr.’s OneTaipan acquired 100 percent of Monte Oro Resources Grid for USD350 million. The company soon became a partnership between Razon and Walter Brown’s A. Brown Company and owns 30 percent of the National Grid Corporation of the Philippines.
That same year, Razon invested an additional USD200 million in Bloomberry Investments Holdings, Inc. Bloomberry is just one of four gaming companies that were granted casino licenses by the Philippine Amusement and Gaming Corporation (PAGCOR) for the upcoming Entertainment City.
Also in the same year, Razon sold Manila Standard for P100 million to Leyte Rep. Martin Romualdez, whose conglomerate owns the Journal Group of Publications, thus divesting himself from the newspaper business. He acquired the shares of the Yuchengco family and Soriano group ten years before to become the head of the Kamahalan Publishing Corporation and Kagitingan Printing Press, Inc.
Razon has a basketball team in the Philippine Basketball League (PBL), with most of its players coming from the De La Salle University (DLSU) Green Archers. He is also an avid golfer and supported the local pro circuit through the Philippine Golf Tour. He helps the amateur golf through the ICTSI-The Country Club Program and also supported the Canlubang Golf Team.
In 2003, Razon donated P50 million for DLSU’s sports development. The P50 million pesos were broken down into the following: P25 million for equipment and facilities of the Enrique M. Razon Sports Complex, named after his father; P20 million for athletic scholarships; and P5 million for a sports solidarity fund.